WHEELS INDIA LIMITED
Regd. Office : 21, Patullos Road, Chennai - 600 002.
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Unaudited Financial Results(Provisional) for the quarter ended 30th September, 2009

(Rs. In lakhs)                         

Particulars Quarter Ended Half Year Ended Year Ended(Audited)
30.09.2009 30.09.2008 30.09.2009 30.09.2008 31.03.2009
Net Sales/ Income from Operations 27507 34920 50074 71665 112802
Other Operating Income 200 390 347 798 1391
Expenditure
 a) (Increase)/Decrease in stock in trade
and work in progress 		(1059) 227 (1458) (150) 1226
 b) Consumption of raw materials 19703 24257 35659 50881 80689
 c) Employees cost 2670 2748 4941 5393 8969
 d) Depreciation 894 998 1741 1901 3378
 e) Other Expenditure 3910 4883 7363 10230 14720
 f) Total 26118 33113 48246 68255 108982
Profit from Operations before Other income , Interest and Exceptional Items 1589 2197 2175 4208 5211
Other Income - - - - -
Profit before Interest and Exceptional Items 1589 2197 2175 4208 5211
Interest 938 1156 1900 1994 4677
Profit/(Loss) after Interest but before Exceptional Items 651 1041 275 2214 534
Exceptional Items - - - - -
Profit/(Loss) from Ordinary Activities before tax 651 1041 275 2214 534
Tax Expense
*(Net of Minimum Alternate Tax Credit entitlement of Rs 47 lakhs) 		164* 273 36* 798 312
Net Profit/(Loss) from Ordinary Activities after tax 487 768 239 1416 222
Extraordinary Items (Previous year-Net of tax expense Rs.515 lacs) - - - 1894
Net Profit/ (Loss) for the period 487 768 239 1416 2116
Paid - up Equity share capital
(Face Value Rs. 10/-) 		987 987 987 987 987
Reserves
(Revaluation Reserves - NIL)		         18272
Basic and Diluted Earnings per Share before Extraordinary Items(Rs.) 4.93*
 7.78* 2.42* 14.35* 2.25
Basic and Diluted Earnings per Share after Extraordinary Items(Rs.)
*(not annualised)		 4.93*
 7.78* 2.42* 14.35* 21.43
Public shareholding          
 -No of Shares 1411196 1411196 1411196 1411196 1411196
 -Percentage of
  shareholding		 14.30 14.30 14.30 14.30 14.30
Promoters and Promoter Group Shareholding        
a)Pledged/ Encumbered        
  Number of Shares NIL --- NIL
  Percentage of Shares promoter group NA --- NA
  Percentage of Shares to total share capital NA --- NA
b)Non Encumbered          
  Number of Shares 8458248 --- 8458248
  Percentage of Shares promoter group 100.00 --- 100.00
  Percentage of Shares to total share capital 85.70 --- 85.70 

  



 
     1.The above results were reviewed by the Audit Committee and approved by the Board of Directors

     in their meeting held on 29.10.2009





				
    2.In pursuance of the option exercised by the company under the Notification of the Ministry 
       of Corporate Affairs dated 31st March, 2009 relating to the adjustment of exchange 
       differences on long term foreign currency monetary items, the profit for the quarter 
     under review is higher by Rs. 337.31 lakhs and for the half year ended sep, 09 
     the profit is lower by Rs 248.44 lakhs. Hence the figures for the quarter and half year are not comparable 
     with the corresponding quarter and half year  of the previous year
						
				



 
    3.The Company operates in only one segment viz. Automotive Components.



 
   4.Previous year's figures have been regrouped wherever necessary to conform
 
     to this year's classification.
 

 
 
 

   5.Statutory auditors of the Company have carried out a limited review 
     of the above financial results.									

 

 

    6.Investors' Complaints :
  
        Pending as at the beginning and end of the quarter - NIL 
     Received and disposed off during the quarter - NIL   

 




  Chennai					           SRIVATS RAM
  30th October,2009		               	     	 Managing Director